Correct.
We are only just now beginning to realize that there are many different ways to wire neurons. While insects have very small brains compared to modern humans, they get a lot more computation out of each neuron and are thus capable of some very complex and sophisticated behaviors and actions. Out of very small brains.
The crux of the human brain is its cerebral cortex, the outer layer. The more cortex you have, the better you can think (I am deliberately keeping this simple for clarity). One way to get more cortex is to grow a bigger brain. Another way is to fold the brain's surface, thus creating more surface area in the same space. More surface area means more cortex. The act of growing and strengthening cortical connections between separated areas of the brain cause the folding as they develop, so heavily used connections get more efficient as you age.